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Today: Jun 14, 2024

Windsor teacher says: Mandatory personal finance, here’s why it’s crucial.

1 min read

TLDR:

A teacher at Windsor Central High School in New York argues that personal finance courses should be mandatory in schools. Currently, only 20 states in the US require a financial literacy course to graduate, and New York is not one of them. The teacher believes that teaching personal finance in school gives students the opportunity to develop skills in dealing with their own financial health and needs. Windsor Central High School has been offering a mandatory personal finance class since 2012 and has also partnered with Visions Federal Credit Union to provide an internship program and office in the school.

Key Points:

  • New York State Comptroller and State Education Department call for increased financial literacy education in schools
  • 80% of surveyed individuals wish they had been required to take a personal finance class in school
  • Windsor Central High School in New York has been offering mandatory personal finance class since 2012
  • Partnership with Visions Federal Credit Union provides internship program and office in the school
  • Students benefit from the class by gaining valuable financial skills and knowledge
  • Teacher hopes that personal finance becomes mandatory in all schools in the state

A teacher at Windsor Central High School in New York believes that personal finance courses should be mandatory in schools. Currently, only 20 states in the US require a financial literacy course to graduate, and New York is not one of them. According to a survey by the National Endowment for Financial Education, 80% of respondents said they wished they had been required to take a personal finance class in school. The push for mandatory personal finance education in New York State schools is ongoing.

Windsor Central High School has been teaching a mandatory personal finance class since 2012. The class aims to give every student the opportunity to develop skills in dealing with their own personal financial health and needs. The school has also partnered with Visions Federal Credit Union to provide an internship program and office in the school. Students like Ryan Kristoff and Grace Deyo, who work as financial ambassador interns for Visions, have benefited from the program. Kristoff mentioned that he is able to answer financial questions from peers based on what he learned in the personal finance class.

The business teacher, Mary Jo Townsend Wardell, hopes that personal finance education becomes mandatory in every school in the state. She believes that finance is a very important skill that everyone needs from a young age, and it continues to be relevant throughout life. Wardell sees the course as an opportunity to expose students to the necessary skills in a comfortable environment.